With latest Petrojam increase, pump prices end 2023 higher than at close of 2022
/ Our Today
administrator
The cyclical pricing nature of State-owned refinery, Petrojam, has swung negatively for Jamaican industry and the motoring public with baseline pump costs again rising for a second-straight week.
Petrojam, in its closely watched petroleum product price index, rose 87-octane gasolene costs J$2.06 to open at an introductory price of J$166.39 per litre, after applied taxes effective Thursday (December 28).
This week’s price increase was most pronounced for kerosene oil and ultra-low sulphur diesel, which jumped J$3.06 and J$2.25 respectively.
It is expected that retailers will add their mark-ups to the announced prices.
Closing out a tumultuous year, prices for 87- and 90-octane gasolene as well as butane, propane, asphalt and heavy fuel oil end the year comparatively higher than the similar period in 2022 across the Petrojam commodity index.
See breakdown of prices below:
| Product | Price per unit (effective December 28, 2023) | Price change (from last week) |
| Gasolene 87 | $168.45 | +$2.06 ($166.39) |
| Gasolene 90 | $174.55 | +$2.06 ($172.49) |
| Auto diesel | $170.99 | +$0.95 ($170.04) |
| Kerosene | $179.83 | +3.06 ($176.77) |
| Propane | $72.44 | +$1.00 ($71.44) |
| Butane | $81.70 | +$1.10 ($80.60) |
| ULSD | $179.67 | +$2.25 ($177.42) |
| Asphalt | $124.84 | +$0.56 ($124.28) |
| HFO | $128.05 | -$0.38 ($128.43) |
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